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OOOps market is called higher. If corn does not break by noon ballon time,
we will see a nice short covering rally. During this entire period, I stayed
long Corn using Options. I traded the futures on the bearish break.
The option acts as a sea anchor on my position.
I will add more long futures as really above the 3x1....(three day moving
average of the pivot)
As always, you must check project a at 9:00 and verify crop info. released
after CBOT close.
Best wishes...and feel free to share 44 page study and your opinion.
Yes, WGN is now a factor in a Weather market.
-----Original Message-----
From: Neal T. Weintraub <thevindicator@xxxxxxxxxxx>
To: Jim Osborn <jimo@xxxxxxxxxx>; omega-list@xxxxxxxxxx
<omega-list@xxxxxxxxxx>
Date: Thursday, July 16, 1998 6:33 AM
Subject: Re: CTA foolishness
>Thanks Jim.
>We are trading a weather market here in Illinois. No matter what system I
>use, the weather will directly influence crop size. Ergo, no matter what
>system I use it will not be any better than the accuracy of the next
weather
>forecast.
>Even though the market is bearish this morning, traders here are watching
>the spreads and protecting postions with Options for weekend exposure.
>As long as we can stay below 95 during Corn pollination we can avoid any
>market shock.
>I prefer to look outside, than back test right now.
>-----Original Message-----
>From: Jim Osborn <jimo@xxxxxxxxxx>
>To: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
>Date: Wednesday, July 15, 1998 9:58 PM
>Subject: Re: CTA foolishness
>
>
>>"Neal T. Weintraub" <thevindicator@xxxxxxxxxxx> remarks:
>>>I want to know the weather forecast, not back test every July 17th
>>>for the past 77 years.
>>
>>What a brilliant summary! Nice bumper sticker, Neal.
>>
>>Jim
>>
>
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